Current top fixed for 1 year is 4.25%, worth holding to see increase?

Marvel1

The Current top fixed for 1 year is 4.25%, is it worth holding out to see  if there is an increase next month or even wait until 06/04/23? This is to trasfer from a current one, nothing has been paid in since 06/04/2022  - only a partial transfer to S&S ISA.

Albermarle

What's going on with 1yr fxds..? — MoneySavingExpert Forum

Marvel1

Grabbing it while I can then 

Nevermind need to have a current account with them, found one for 4%

LeafGreen

Who is offering 4.25%?

fredericoagent

will Atom bank be likely to raise their fixed account rate ? if so what timeframe do they usually do so after an interest rate rise

flaneurs_lobster

grahamgoo said:

Who is offering 4.25%?

This one?

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

LeafGreen

flaneurs_lobster said:

grahamgoo said:

Who is offering 4.25%?

This one?

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

oh yes, thankyou!

Johnjdc

fredericoagent said:

will Atom bank be likely to raise their fixed account rate ? if so what timeframe do they usually do so after an interest rate rise

Fixed rates have nothing to do with Bank of England decisions. Fixed rates are falling and are quite likely to continue doing so.

Albermarle

fredericoagent said:

will Atom bank be likely to raise their fixed account rate ? if so what timeframe do they usually do so after an interest rate rise

Suggest you read the link in my previous post.
Fixed rates are affected by the outlook for interest rates over the period of the fix, not by what happens today.
An individual bank may make a move against the general trend, but impossible to second guess that for Atom or any other bank.

LeafGreen

fredericoagent said:

will Atom bank be likely to raise their fixed account rate ? if so what timeframe do they usually do so after an interest rate rise

The Atom 1 yr fixed rate has actually dropped recently - I opened one a few weeks ago at 4.25% and it's now 4.15%

fwdrew

flaneurs_lobster said:

grahamgoo said:

Who is offering 4.25%?

This one?

https://uk.virginmoney.com/savings/products/1_year_fixed_rate_cash_isa_exclusive_issue_4/

The Virgin Money 1 year fixed ISA with the current account looks good and I am tempted to go for it. Its the horror reviews that put me off. Anyone gone for it ?